TeraWulf Signs Credit Support Agreement with Google to Advance $19 Billion Data Center Project

TeraWulf has signed a credit support agreement with Google to provide financing support for its Justified data center campus project in Hawesville, Kentucky, USA. This project corresponds to a long-term lease commitment of approximately $19 billion with Anthropic. Google will provide contractual credit support for the expected debt financing, with Alphabet's senior unsecured debt currently rated AA+ by S&P and Aa2 by Moody's. According to the project timeline, the data center is expected to begin phased delivery by the end of 2027 and continue into the second quarter of 2028. TeraWulf stated that this agreement will further enhance the project financing framework and strengthen construction execution capabilities, facilitating the conversion of long-term AI and high-performance computing (HPC) leasing demand into sustainable cash flow.

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